Majesco's stock has been trading at a bid price of less than $1.00 for quite a while now, and as such the Nasdaq previously informed the company that it must boost its share price back over the $1.00 mark.

Yesterday was the deadline for doing so, and as of now, the company's share price sits at around $0.65. However, the Nasdaq said today that it has provided Majesco with a grace period, up until February 24, 2014, to boost its price. Gamasutra has contacted Majesco for comment.